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As the cryptocurrency mania raged, Congress took a hands-off approach, keeping the fast-growing industry in legal limbo as it spawned startups and drew billions of dollars from investors. That's left it to the courts to deal with the wreckage.
February 8
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Wells Fargo will pay $300 million to settle a lawsuit claiming it improperly charged customers for unneeded auto-collision protection insurance — and hid the practice from investors.
February 7
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A former Coinbase Global manager admitted participating in a scheme to trade on confidential information about when the exchange was going to list new tokens.
February 7
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Signature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network.
February 7
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Townstone Financial in Chicago had been accused of discriminating against certain consumers by trying to discourage them from applying for home loans. However, a judge ruled that federal law protects only actual applicants.
February 6
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After the scandal explodes, Wells Fargo's former chief security officer embarks on a long journey into the legal system.
February 6
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The top U.S. derivatives watchdog wants new cybersecurity rules as a recent attack on the software company ION Trading U.K. continues to roil the industry.
February 3
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Swiss prosecutors are investigating a data leak involving thousands of former Credit Suisse Group clients who'd reportedly held $100 billion with the bank, in a case set to further discourage whistleblowing in the secretive country.
February 3
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An article in the Los Angeles Times provides an opportunity for bank executives to address the underlying problems. Instead comes a focus on damage control.
February 3
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U.S. prosecutors in the Justice Department's fraud unit are looking into Silvergate Capital Corp.'s dealings with the fallen crypto giants FTX and Alameda Research, according to people familiar with the matter.
February 2
